This is a reprint of the article “Performing Due Diligence on a Micro-Cap Oil & Gas Company” written by Erik Nelson, President of Coral Capital Partners, Inc. that was published in the Fall, 2011 edition of Micro-Cap Review Magazine. It takes a look at some of the essential items to consider when evaluating a micro-cap oil and gas company as a potential investment. It is an excellent primer on understanding the various terms and their definitions when looking at a potential oil and gas investment. This is the 2nd article authored by Erik Nelson to be published in Micro-Cap Review Magazine, and the 1st through Coral Capital Partners.
Tag Archive for Proven Producing Reserves
Proven Producing Reserves, sometimes referred to as Proven Developed Producing Reserves or ‘PDP’ are proven developed producing reserves where there are existing wells in production that are capable of recovering the estimated oil and or gas that is in place. The estimate of the amount of recoverable reserves is typically produced by established petroleum engineering firm with the proper credentials.